Finance Videos

U.S. Morning Call: Apple to show off new products at WWDC

Jun 10 - Apple is expected to unveil the next versions of its iOS for the iPhone and the iPad at its World Wide Developers Conference, according to the Wall Street Journal.

TRANSCRIPT +

On Tuesday morning call Apple's Tim Cook has a lot up his sleeve any -- peas fan boys and developers wouldn't let it. At the annual developer conference the Wall Street you're. Reports that a new operating system for the iPhone and iPad is in the works. With -- some wiping its Smartphone market share in the first quarter to about 3% of all Smartphones shipped globally. Investors are hungering for a new iPhone but that might not come until the fall and what does come it's rumored to look a lot like the current line. Apple is expected to announce I radio new laptops and an update to its Mac operating system. But the real gold mine for the company may be in the video streaming -- Sources tell the journal that progress throughout apple TV is currently being held up by discussions with cable companies and TV networks for contest. Shares of apple up three dollars the premarket but down there is 7%. From its all time high of 705 dollars in September. Last year. We're also talking tech what do other names Microsoft and Sony. Out in LA at the electronic entertainment expo or. 66 billion dollar video game market. It pretty dismal falling 9% of the first quarter from a year ago. Activision Blizzard the largest game company lost more than a million subscribers. From its World of Warcraft series during the first quarter. The trend these days that we -- consoles and games that go with it to -- web options like Libya was Angry Birds. An analyst at the -- intelligence predicts revenue from mobile games is expected to grow about 38%. To eight billion dollars this year. All the big tech companies -- -- this app. Where -- -- the crowd source mobile or and it navigation service that both Google and FaceBook were reportedly looking to pay big bucks for. But it's Google that they have sealed the deal topping rival offers -- the one point three billion dollar did that's according to an Israeli newspaper. This is like waves are among the top five apps on Smartphones. But why -- tech firms so eager to acquire Whitney's. Time magazine had some thoughts for what eight -- is unique collaborative approach to mapping is very popular with users. Israeli company potentially poses a threat to Google Maps so good defense by -- by beating out other potential buyers like FaceBook and apple. Google maintains its mapping dominance here is -- Google trading -- Alex hired in the premarket. Keep your I absolutely and today it's set to report some analysts expect the cost -- that she your hand fiasco to be muted they're also looking for the company op guidance for the rest of the year. Weekend broke out at eight raised the stock performs now -- the sort roughly 30%. Since that recall. At shares of McDonald's the fast food chain reports sales for -- today. Now opera writers -- that -- why international's four point seven billion dollar bid -- Smithfield Foods may face some hitches at home. Decades old laws bar foreign ownership of farmland in Iowa Missouri and at least three other midwest states. The rules were first adopted during the 1970s. In response to Japanese investment in US real estate added those laws. -- businesses or governments cannot owned -- controlled US land used for livestock and crop production. Atlanta laws could be invoked by the as opposed the deal but at the very least they may require some complex legal maneuvering by the company. Lastly wrapping up for the markets US stock futures putting -- higher all lead after stocks ended at two week losing streak on Friday. That's fit for -- much boarding call remembered I thought our writers thought I'd get more great videos right dot com slash PP. I've got enough.

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